Singareni Collieries Company Limited has sewn up plans to open 10 new mines during 2016-17, aimed at increasing the coal output from the targeted 60 million tonnes this fiscal to 66 MT.

The State-owned miner, which is jointly owned by the Centre and the Telangana government, has been improving productivity over the past few years and managed to improve revenues and profitability.

Following a strategy meeting held today, N Sridhar, Chairman and Managing Director of SCCL, outlined the mining company plans to commission 10 new mines during the next financial year. This will enable the company to increase the output by at least 10 per cent from 60 MT to 66 MT. Efforts are on to expedite various clearances.

As the company takes up these mines, it is in the process of planning, securing Government approval, land acquisition, while taking care of relief and rehabilitation of people in these mining areas.

Apart from nine mines located with the State, the company is also working to commission the Naini Coal Block allocated in Odisha. The nine mines include Bellampalli Open Cast (OC) 2, Kasipet 2, Shanthi Khani Continuous Miner, Koyagudam OC 2, JVR OC 2, Manuguru OC, KTK OC 2, PVK Continuous Miner and KK OC.

The colliery is on course achieving the targeted output of 60 MT this financial year. By the addition of 10 new mines including Naini coal mine on Odisha, which alone has potential for about 10 MT, the company expects to quickly ramp up output.

In addition, the company’s 1200 mw thermal power plant coming up at Jayapore in Adilabad district of Telangana is all set for commissioning in March and April, not only contributing to the power supply in the State, but also boosting the mining company revenue. Once both the 600 mw units get commissioned, it is set to take up another unit of 600 mw as an expansion project.

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